New York billionaire told to revise plans for ‘temple to a titan’ penthouse

Bill Ackman's plan to build on top of a historic Manhattan building overlooking Central Park fails

The billionaire hedge fund manager Bill Ackman has been told to revise his plan for a penthouse apartment on top of a historic Manhattan building after his neighbours complained that it looked like a Malibu beach house that got blown on to our New York roof".

Ackman, who has built up an estimated $3.3bn (2.5bn) from his hedge fund Pershing Square Capital Management, failed to convince New York's Landmarks Preservation Commission to approve the Norman Foster-designed two-storey penthouse atop an Upper West Side building overlooking Central Park.